Hyperlocal commerce firm magicpin's logistics arm magicFleet expects to double its monthly deliveries to 20 lakh by the end of the current fiscal year, a top official of company said on Thursday.
The logistics firm has crossed the 10 lakh monthly deliveries mark within nine months of its launch in September 2024 and has onboarded over 1 lakh riders in less than a year, he added.
Magicpin CEO and Founder Anshoo Sharma said the firm is already among the top three food delivery players in the country, and building logistics capabilities is a natural progression to drive more business to merchant partners.
"MagicFleet was launched less than a year ago and is delivering 1.4 million orders monthly across India's top cities. With this milestone, magicFleet is now among the top five hyperlocal logistics players in the country. We aim to cross 2 million deliveries per month by the end of FY26…," Sharma said.
MagicFleet currently lives in seven metros, including Delhi NCR, Bengaluru, Pune, Hyderabad, Chennai, Kolkata and Mumbai.
The platform leverages AI to offer real-time fleet tracking, automated rider allocation and full-stack delivery visibility, enabling MSMEs to scale efficiently.
